List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 1
Company Description Reference Link
1A Auto, Inc. (Westford, Massachusetts) bonuses for all full-time employees Jan. 25, 2018 1A Auto, Inc. press release
1st Summit Bank (Johnstown, Pennsylvania) $1,000 bonuses to full-time employees; salary raises; increased charitable donations
https://bankingjournal.aba.com/2018/01/additional-announcements-of-post-tax-reform-bank-actions/
AAON (Tulsa, Oklahoma) $1,000 bonus checks to 2,000 employees https://globenewswire.com/news-release/2018/01/02/1277241/0/en/AAON-Announces-Tax-Reform-Bonus-for-Employees.html
AccuWeather (State College, Pennsylvania) year-end bonuses to all employees. (Approx. 450 – 500 employees)
Dec. 26, 2017 AccuWeather press release
Advance Financial (Nashville, Tennessee) increase in 401(k) match; increase in profit sharing; increase in charitable donations
Jan. 5, 2018 Advance Financial press release
Advanced Sciences and Technologies, LLC (Berlin, New Jersey)
increased 401(k) match for employees American for Tax Reform reporting
Aflac (Columbus, Georgia) increase 401(k) match from 50% to 100% on the first 4% of compensation plus one-time $500 contribution to every employee’s 401(k); $250 million increase in overall U.S. investment.
https://www.aflac.com/about-aflac/newsroom/press-release-story.aspx?rid=883
Alaska Airlines (Seattle, Washington) $1,000 bonuses for 22,000 employees http://www.king5.com/article/money/alaska-airlines-giving-workers-1000-bonus-citing-taxcut/281-505029503
Amarillo National Bank (Amarillo, Texas) $1,000 salary increases for over 300 employees Dec. 21, 2017 MyHighPlains.com article excerpt
Ameren Illinois (Chicago, Illinois) the utility requested that tax savings be passed onto customers
Jan. 22 2018, Ameren Illinois press release
Americollect (Manitowoc, Wisconsin) $300 - $500 bonuses for 250 employees
http://www.htrnews.com/story/money/2017/12/21/manitowoc-americollect-says-employees-get-tax-reform-bonus-tax-cuts-and-jobs-act-congress/972795001/
American Airlines (Ft. Worth, Texas) $1,000 bonuses for every employee (excluding officers). The bonuses will total $130 million
http://news.aa.com/press-releases/press-release-details/2018/American-Airlines-to-distribute-1000-to-each-team-member/default.aspx
American Bank (Allentown, Pennsylvania) $1,000 bonuses for 60 employees https://www.ambk.com/about-us/press-releases/american-bank-announces-1-000-bonus-for-employees-citing-tax-bill/
American Community Bank & Trust (Woodstock, Illinois)
$500 bonus to each employee; additional employees will be hired
https://bankingjournal.aba.com/2018/01/banks-continue-post-tax-reform-bonuses-wage-hikes/
American Savings Bank (Honolulu, Hawaii) $1,000 bonuses to 1,150 employees; base wage increase from $12.21 to $15.25
https://www.bizjournals.com/pacific/news/2017/12/26/four-hawaii-banks-raise-minimum-wage-award-cash.html
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 2
Company Description Reference Link
Andy Mark, Inc. (Kokomo, Indiana) employs 25 full-time workers and up to 30 part-time and seasonal workers - anticipates doubling his workforce in the next five to 10 years.
Jan. 14, Kokomo Tribune article excerpt
Anfinson Farm Store (Cushing, Iowa) $1,000 bonuses and 5% pay raises for employees Jan. 9, 2018 Americans for Tax Reform blog post
Apple (Cupertino, California) $2,500 employee bonuses in the form of restricted stock units; $30 billion in additional capital expenditures over five years; 20,000 new employees will be hired; increased support of coding education and science, technology, engineering, arts, and math; increased support for U.S. manufacturing
Jan. 17, 2018 Bloomberg News article excerpt
Jan. 17, 2018 Apple press release excerpts
APPS Portamedic (Bellevue, Washington) employee bonuses KIRO 7 News report excerpt
Aquesta Financial Holdings (Cornelius, North Carolina)
$1,000 bonuses to 95 employees; base wage hike to $15 per hour
https://www-qc.nasdaq.com/press-release/aquesta-leading-the-way--aquesta-financial-holdings-inc--announces-1000-cash-bonus-to-all-employee-20171221-01075
AR-15 Gun Owners of America (Warner Robins, Georgia)
$300 bonuses; increased salaries for all employees https://www.ar15goa.com/news/
Arizona Public Service (Phoenix, Arizona) the utility requested a $119 million bill reduction for customers due to tax reform
Jan. 9, 2018 Arizona Public Service press release
Associated Bank (Green Bay, Wisconsin) $500 employee bonuses (exact number receiving bonus unknown at this time); base wage will rise from $10 to $15 per hour
http://newsroom.associatedbank.com/releases/businessprofessionalspotlight-20171221
AT&T (Dallas, Texas) $1,000 bonuses to 200,000 employees; $1 billion increase in capital expenditures
http://about.att.com/story/att_tax_reform.html
Atlantic Packaging (Wilmington, North Carolina) $1,000 bonuses for 1,000 employees http://blog.atlanticpkg.com/2018/01/atlantic-rewards-employees-1000-bonus/
Atlas Air Worldwide (Purchase, New York) $1,000 bonuses to 3,100 employees Atlas Air Worldwide CEO William J. Flynn in a letter to employees
AutoNation doubling of 401(k) match; launch of cancer benefit program
Jan. 16, 2018 Sun-Sentinel article
AVANGRID (Orange, Connecticut) the utility is passing savings from tax reform to customers Jan. 10, 2018 AVANGRID press release
Ball Ventures (Idaho Falls, Idaho) $100 bonuses for every year of employment https://www.eastidahonews.com/2017/12/ball-ventures-announces-bonuses-for-employees-due-to-tax-bill/
Baltimore Gas & Electric (Baltimore, Maryland) the utility is passing on $82 million worth of tax savings, resulting in lower gas and electric bills for customers
https://www.businesswire.com/news/home/20180105005386/en/BGE-Provide-Federal-Tax-Reduction-Benefits-Customers
BancorpSouth Bank (Tupelo, Mississippi) pay raises for over 70 percent of employees; $1,000 bonuses for nearly 20 percent of employees
Jan. 3, 2018 BancorpSouth Bank press release
Bank of Advance (Advance, Missouri) $1,000 bonuses to all staff https://bankingjournal.aba.com/2018/01/banks-continue-post-tax-reform-bonuses-wage-hikes/
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 3
Company Description Reference Link
Bank of America (Charlotte, North Carolina) $1,000 bonuses to 145,000 U.S. employees https://www.atr.org/thanks-tax-reform-bank-america-gives-1000-bonuses-145000-us-employees
Bank of Colorado (Fort Collins, Colorado) $1,000 bonuses to all full time employees http://www.journal-advocate.com/business/sterling-agriculture/ci_31554508/bank-colorado-pay-special-bonus
Bank of Hawaii (Honolulu, Hawaii) $1,000 bonuses to 2,074 employees; base wage increase from $12 to $15
https://www.boh.com/news-room/4429.asp
Bank of the James (Lynchburg, Virginia) raised base wage to $15 per hour for employees with more than one year of service
https://bankingjournal.aba.com/2018/01/banks-continue-post-tax-reform-wage-increas es-community-investments/
Bank Midwest (Spirit Lake, Iowa) $500 bonuses for full-time employees; $250 bonus for part-time employees
https://bankingjournal.aba.com/2018/01/banks-continue-rolling-out-post-tax-reform-bonuses-community-investments/
Bank of New York Mellon Corp. (New York, New York)
Base wage raised to $15 per hour https://www.wsj.com/articles/bny-mellon-to-raise-wages-for-1-000-employees-following-tax-overhaul-1516299504
Bank of the Ozarks (Little Rock, Arkansas) Bonuses of up to $1,200 for 2,300 employees Dec. 28, 2017 Bank of the Ozarks press release
BB&T (Winston-Salem, North Carolina) $1,200 bonuses for 27,000 employees; base wage will rise from $12 to $15 per hour; $100 million in charitable donations
https://bbt.mediaroom.com/2017-12-22-BB-T-invests-152-million-of-tax-reform-benefits-into-associates-and-communities
Beneficial Bank (Philadelphia, Pennsylvania) base wage raised to $14 per hour; $1,000 bonuses for all AVP Level employees and below; 4.5% employer contribution to 401(k) plans
American for Tax Reform reporting
Berkshire Hills Bancorp Inc. (Pittsfield, Massachusetts)
base wage increased to $15 per hour; $1,000 bonuses to over 1,000 employees; investments in employee development and training; $2 million in additional charitable giving
Jan. 4, 2018 Berkshire Hills Bancorp Inc. press release
Bio-Techne (Minneapolis, Minnesota) $500 bonuses for all 1,650+ employees Dec. 21, 2017 special message to employees from Bio-Techne CEO Chuck Kummeth
Black Hills Energy (Rapid City, South Dakota) The utility will pass along tax savings to customers Jan. 13, 2018 Lincoln Journal Star article excerpt
Boeing Company (Chicago, Illinois) $100 million in charitable donations; $100 million for workforce development; $100 million for infrastructure and facilities
Dec. 20, 2017 Boeing Company press release
Bruns General Contracting (Tipp City, Ohio) investment in equipment; enhanced retirement benefits Jan. 15, 2018 WDTN news report
Cabot Oil & Gas Corporation (Houston, Texas) $1,600 bonuses for employees. American for Tax Reform reporting
Camden National Bank (Camden, Maine) permanent salary increases forthcoming; also $1,000 bonuses to all non-executive full-time employees; $750 bonus to part-time employees; total bonuses: $620,000
Jan. 11, 2018 Portland (Maine) Press Herald article excerpt
Camp Construction Services (Houston, Texas) $500 tax reform bonuses CEO Roger C. Camp, note to employees
Canary LLC (Denver, Colorado) the company will hire more employees and increase capital spending
https://www.atr.org/ceo-tax-bill-allows-us-hire-more-people-buy-more-equipment
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 4
Company Description Reference Link
Capital One (McLean, Virginia) Base wage raised to $15 per hour https://www.atr.org/breaking-capital-one-will-raise-base-wage-us-employees-15-hour
Carl Black Automotive Group (Kennesaw, Georgia)
bonuses to over 500 employees American for Tax Reform reporting
Cedar Rapids Toyota (Hiawatha, Iowa) $500 bonuses to each full-time employee Jan. 19, 2018 KCRG TV9 news report
CenterState Bank (Davenport, Florida) $1,000 bonuses to non-officer employees Jan. 19 Tampa Bay Business Journal article excerpt
Central Bancompany, Inc. (Jefferson City, Missouri)
Bonuses to 2,500 employees: $1,000 bonuses for full time employees; $500 bonuses for part time employees
Jan. 5, 2018 Central Bancompany press release
Central Pacific Bank (Honolulu, Hawaii) all 850 employees will receive $1,000 bonuses; base wage will rise from $12 to $15.25
http://www.staradvertiser.com/2017/12/25/business/business-breaking/central-pacific-bank-to-give-1000-bonuses-increase-minimum-wage/
Charlie Bravo Aviation (Georgetown, Texas) $1,000 bonuses to all six employees http://thehill.com/opinion/finance/368151-anti-trump-activists-no-match-for-tax-reform-fueled-bonuses
Charlotte Pipe and Foundry Company (Charlotte, North Carolina)
$1,000 bonuses for all 1,400 employees American for Tax Reform reporting
Circuit Interruption Technology Inc. -- dba CIT Relay & Switch (Rogers, Minnesota)
One week of extra pay added to final 2017 paycheck; hiring of new employees, growing the staff by 10 percent
Notification to employees by Rick Hamption, Chairman of the Board
Citizens Financial Group $1,000 bonuses for 12,500 employees and $10 million for charitable donations
https://www.businesswire.com/news/home/20180102005627/en/Citizens-Financial-Group-22.5-Million-Investments-Colleagues
Coach, Truck & Tractor, LLC (Conneaut, Ohio) higher Christmas bonuses thanks to tax reform for this family business with seven employees. Bonus amounts determined by length of service
American for Tax Reform reporting
Cogent Building Group (Point Clear, Alabama) $2,000 bonuses for all four employees American for Tax Reform reporting
College of the Ozarks (Point Lookout, Missouri) $204 bonuses for employees Jan. 18, 2018 College of the Ozarks press release
Colling Pest Solutions employee bonuses American for Tax Reform reporting
Comcast $1,000 bonuses to 100,000 employees; at least $50 billion investment in infrastructure in next five years
https://corporate.comcast.com/news-information/news-feed/comcast-announces-special-bonus-and-capital-investments
Comerica Bank $1,000 to 4,500 non-officer employees; base wage increase to $15 per hour
http://comerica.mediaroom.com/2017-12-29-Comerica-Announces-Increase-In-Its-Minimum-Wage-To-15-Per-Hour-And-1-000-Bonus-To-4-500-Non-Officer-Colleagues
Commerce Bank 3,450 employees will receive bonuses -- $1,000 for full time employees and $250 for part time employees; $25 million in charitable donations
https://www.commercebank.com/about-us/media-relations/2018-news-releases/commerce-bancshares-inc-announces-employee-bonuses-following-tax-reform-bill
Community Trust Bancorp $1,000 bonuses for full time employees and $500 bonuses for part-time employees
http://investors.ctbi.com/file/Index?KeyFile=391564965
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 5
Company Description Reference Link
Consumers Energy (Michigan) the utility will pass along tax savings to customers Jan 19, 2018 Consumers Energy press release
Copperleaf Assisted Living $200 - $600 bonuses for 175 employees http://www.stevenspointjournal.com/story/news/2017/12/22/wisconsin-business-award-600-bonuses-employees-based-tax-cuts/977147001/
Cornerstone Holdings employee bonuses American for Tax Reform reporting
Customers Bank (Wyomissing, Pennsylvania) increased charitable contributions of $1 million Jan. 5, 2018 Customers Bank press release
Data Sales Co., Inc. (Minneapolis, Minnesota and Scottsdale, Arizona)
$1,000 bonuses for all 80 employees Jan. 22, 2018 Data Sales Co., Inc. press release
Dayton T. Brown Inc. (engineering/testing company)
$400 bonuses for each of the 210 employees https://www.atr.org/thanks-tax-cuts-dayton-t-brown-inc-give-400-bonuses
Delaware Supermarkets Inc. $150 extra bonuses to 1,000 non- management personnel https://www.atr.org/thanks-tax-cuts-delaware-supermarkets-inc-gives-extra-150-employee-bonuses
DePatco, Inc. employee bonuses https://depatco.com/tax-reform-bill-bonus-challenge
Dime Community Bancshares, Inc. $1,000 bonuses for non- executive employees https://globenewswire.com/news-release/2018/01/05/1284344/0/en/Dime-Community-Bank-Putting-Tax-Savings-Back-Into-the-Economy.html
Discover Financial Services (Riverwoods, Illinois) Base wage raised to $15.25 per hour; $1,000 bonuses for more than 15,000 non- executive employees; additional investments and charitable donations to be announced
https://investorrelations.discover.com/newsroom/press-releases/press-release-details/2018/Discover-Further-Invests-in-Its-Workforce-Raises-Hourly-Pay-Grants-1000-Bonuses-to-More-Than-15000-Employees-as-Part-of-Tax-Relief-Measures/default.aspx
DTN (Burnsville, Minnesota) $1,000 bonuses to nearly 700 employees. https://www.dtn.com/
Dyer Capital Management, Inc. (Marion, Massachusetts)
Base wage raised 3.5% to $22 per hour; hourly employees also received a special one- time bonus
American for Tax Reform reporting
Dynamic Fastener (Raytown, Missouri) employee bonuses of up to $1,000; the company will also open a paint shop, buy new equipment and hire more employees:
http://fox4kc.com/2018/01/24/raytown-company-pays-workers-a-tax-reform-bonus
Eagle Ridge Ranch employee bonuses American for Tax Reform reporting
Eagle Telephone System, Inc. & Eagle Valley Communications (Hells Canyon Snake River Corridor, OR)
$1,000 bonuses; together the companies have 19 employees American for Tax Reform reporting
East IdahoNews.com employee bonuses American for Tax Reform reporting
Eberle Communications Group, Inc. increased 401 - (k match from 25% to 50% for all 45 employees American for Tax Reform reporting
Ecolab Inc. - (St. Paul, Minnesota) $25 million in charitable donations: http://investor.ecolab.com/news-and-events/press-releases/2018/01-23-2018-133019670
Elite Roofing Systems - (Idaho) employee bonuses American for Tax Reform reporting
Elite Clinical Trials, Inc. employee bonuses American for Tax Reform reporting
El Paso Electric Company - (El Paso, Texas) the utility will give refunds to customers due to tax reform https://www.epelectric.com/about-el-paso-electric/article/epe-to-refund-customers-in-texas-due-to-new-tax-rate
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 6
Company Description Reference Link
Emkay, Inc. $1,000 bonuses for 150 employees http://www.emkay.com/news/emkay-uses-tax-reform-reward-employees
Employers Mutual Casualty Insurance - (Des Moines, Iowa)
$1,000 bonuses for employees with the exception of Vice Presidents and above.
https://www.emcins.com/index.aspx
Ennis, Inc. $500 bonuses to 2,200 non-management employees http://www.ennis.com/press-releases/general/ennis-inc-announces-employee-bonus-declares-special-dividend/
ES Bancshares, Inc. $500 bonuses to non-executive full-time employees; $250 bonuses to part-time employees; creation of at least ten new jobs; further business expansion
http://www.publicnow.com/view/DF74304E6830ED5A36692F1F968E4723E314A2A2?2018-01-03-15:30:14+00:00-xxx581
Eversource Energy - (Boston, Massachusetts) the utility will pass along tax savings to customers: https://www.eversource.com/content/wma/about/news-room/massachusetts/newspost?Group=massachusetts&Post=eversource-will-use-tax-savings-to-lower-rates-for-customers
Express Employment Professionals $2,000 bonuses to more than 200 non-executive employees http://newsok.com/express-employment-professionals-to-pay-2000-bonus-to-more-than-200-oklahoma-city-workers/article/5577286
FedEx (Memphis, Tennessee) commits more than $3.2 billion in wage increases, bonuses, pension funding due to the recent tax cuts. Pay raises, bonus increases, pension plan increases, and at least $1.5 billion in capital expenditures:
http://about.van.fedex.com/newsroom/fedex-committing-3-2-billion-wage-increases-bonuses-pension-funding-expanded-u-s-capital-investment-following-passage-tax-cuts-jobs-act/
Fiat Chrysler $2,000 bonuses for 60,000 employees; $1 billion investment in U.S. plant in Warren, Michigan; 2,500 new jobs
https://www.bloomberg.com/news/articles/2018-01-11/fiat-chrysler-to-give-u-s-workers-2-000-bonuses-after-tax-bill
Fidelity Bank (Dunmore, Pennsylvania; not to be confused with Fidelity Investments)
$1,000 bonuses for all full-time employees making less than $100,000; $500,000 in charitable donations:
https://www.bankatfidelity.com/about/news/?news_cat=blog&news_article=fidelity_bank_announces_investment_in_bankers_and_communities
Fifth Third Bancorp $1,000 bonuses for 13,500 employees; base wage will rise to $15 https://www.businesswire.com/news/home/20171220006042/en/
FireBird Bronze (Damascus, Oregon) thanks to tax reform this full-service foundry with nine employees is able to offer health insurance for the first time. They are also upgrading equipment and hiring, and building a new facility in Troutdale, Oregon with plans to be up and running by the Spring.
http://www.firebirdbronze.com/
FirstBank (Longmont, Colorado) $1,000 bonuses for full-time employees; $500 bonuses for part-time employees; base wage raised; salary increases.
https://www.efirstbank.com/home.htm
First Bank and Trust Company (Abingdon, Virginia)
base wage raised to $15 per hour. https://bankingjournal.aba.com/2018/01/additional-announcements-of-post-tax-reform-bank-actions/
FirstCapital Bank of Texas $500 bonuses to 197 employees https://bankingjournal.aba.com/2017/12/banks-announce-wage-hikes-charitable-contributions-after-tax-reform-bill-passes/
First Farmers Bank & Trust (Converse, Indiana) minimum bonus of $750 to each full time employee; base wage will rise by $2.50 per hour:
https://www.ffbt.com/about-us/blog/ffbt-financial-news/2017/12/26/first-farmers-announces-employee-wage-
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 7
Company Description Reference Link
raise-and-community-investment-program
First Financial Bancorp base wage raised to $15 per hour; $3 million charitable contribution
https://www.prnewswire.com/news-releases/first-financial-announces-pay-increase-for-hourly-associates-and-major-contribution-to-foundation-300577060.html
First Financial Northwest, Inc. (Renton, Washington)
$1,000 bonuses to all 138 non-executive employees: https://globenewswire.com/news-release/2018/01/02/1277227/0/en/First-Financial-Northwest-Inc-Announces-Special-Tax-Reform-Bonus-for-Employees.html
First Hawaiian Bank $1,500 bonuses to 2,264 employees; base wage increase to $15 http://www.staradvertiser.com/2017/12/22/business/business-breaking/bankoh-to-give-most-employees-1000-bonuses-raise-minimum-wage-to-15-an-hour/
First Horizon National Corp. $1,000 bonuses to 4,000 employees http://irsolutions.snl.com/file.aspx?IID=100292&FID=391564342
First Merchants Corporation (Muncie, Indiana) $1 per hour wage increase for hourly employees; $500 bonuses for full-time employees, excluding senior management; pro-rated bonus for part-time employees:
https://globenewswire.com/news-release/2018/01/16/1290089/0/en/First-Merchants-announces-company-wide-raise-bonuses.html
First Midwest Bancorp, Inc. (Itasca, Illinois) Base wage raised to $15 per hour; $1,035 bonuses for 85% of employees; $2 million in additional charitable contributions:
https://www.snl.com/IRWebLinkX/file.aspx?IID=100268&FID=391738237
First National Bank (Spearman, Texas) $1,000 bonuses for its 44 employees. http://www.fnbspearman.com/
First Southwest Bank (Alamosa, Colorado) base wage raised to $14 per hour which will include full benefits: https://www.fswb.com/FSWB.Dupe/files/f0/f0b10bf8-a788-4502-825a-4b52033da839.pdf
Fishbeck, Thompson, Carr & Huber engineering (Grand Rapids, Michigan)
$1,500 to all 400 full-time and part time employees: http://www.grbj.com/articles/89788-engineering-firm-issues-bonuses-after-tax-reform
Five Senses Spa, Salon and Barbershop (Peoria, Illinois)
$500 bonuses for 20 employees; the company is also looking into additional employee benefits in 2018.
http://www.fivesensesspaandsalon.com/
Flemington Car & Truck Family of Brands $500 employee bonuses http://www.njbiz.com/article/20180108/NJBIZ01/180109900/south-jersey-car-dealership-pays-bonuses-to-employees-as-a-result-of-new-tax-reform-law
Flushing Financial Corporation (Uniondale, New York)
$1,000 bonuses for full-time employees; $500 bonuses for part-time employees:
http://www.nasdaq.com/press-release/flushing-bank-sharing-benefit-of-tax-reform-with-shareholders-and-employees-20180122-01080
F.N.B. Corporation (Pittsburgh, Pennsylvania) extra 401 (k) contributions to employees totaling $1 million; base wage raised to $15 per hour; increased charitable donations
https://www.fnb-online.com/about-us/news/2018/01/18/16/34/180118%20fnb%20announces%20financial%20commitment%20employees%20and%20communities
Fort Ranch employee bonuses American for Tax Reform reporting
Fulton Financial Corporation (Lancaster, Pennsylvania)
base wage raised to $12 per hour; bonuses in the form of an additional week of pay for 75% of the 3,700 employees; $2 million in increased charitable donations:
http://www.snl.com/irweblinkx/file.aspx?IID=100294&FID=391813575
Gardner Company employee bonuses American for Tax Reform reporting
Gate City Bank $1,000 hand-delivered bonus checks to 538 non-management personnel; $500,000 higher charitable giving; $500,000 worth of
https://www.atr.org/thanks-tax-reform-gate-city-bank-will-give-employees-1000-bonus-checks-jan-15
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 8
Company Description Reference Link
free home appraisals.
GetFoundFirst.com employee bonuses American for Tax Reform reporting
Great Southern Bancorp, Inc. 1,200 employees to receive a bonus: full time employees receive $1,000 and part time employees receive $500
https://www.prnewswire.com/news-releases/great-southern-bancorp-inc-announces-employee-bonuses-following-enactment-of-tax-reform-bill-300577238.html
Great Western Bancorp, Inc. base wage raised to $15; $500 or wage increase for 70% of workforce; doubling of grants to community investment program
https://www.greatwesternbank.com/blog/2018/01/great-western-bancorp-unveils-minimum-wage-hike-special-bonuses-in-wake-of-tax-reform/
Group 1 Automotive (headquarters in Houston; 115 dealerships nationwide))
$500 cash bonuses for non-management dealership employees and operational support staff in the United States:
http://group1corp.com/2018-01-12-Group-1-Automotive-Awards-Bonus-to-U-S-Dealership-Employees
Gulf Coast Bank & Trust Company base wage increased to $12 per hour; additional $75,000 in charitable donations:
https://gulfbank.com/about-us/recent-news/community-reward-rewards-program-increased-to-75000-in-response-to-tax-chan
Happy State Bank (Happy, Texas)) base wage raised; salary increases; bonuses; increased retirement contributions:
http://www.myhighplains.com/news/happy-state-bank-announces-wage-increase-for-employees/937390280
HarborOne Bank $500 bonuses to 600 bank employees; base wage raised to $15 per hour
http://www.bostonherald.com/business/business_markets/2017/12/harborone_credits_tax_law_with_wage_hike
Harford Alarm Company (Bel Air, Maryland)) $1,000 bonuses for all 13 employees. https://www.harfordalarm.com/
Hartford Financial Services Group Inc. $1,000 bonuses for employees making less than $75,000 per year. This amounts to 9,500 employees.
http://www.courant.com/business/hc-biz-the-hartford-bonuses-20180105-story.html
Hawaii National Bank $1,000 bonuses; base wage raised to $15 per hour. https://www.bizjournals.com/pacific/news/2018/01/04/sixth-hawaii-bank-follows-bonus-and-minimum-wage.html
Hawaiian Electric, Maui Electric, Hawai’I Electric Light
the utility expects that rates will be lowered for customers thanks to tax reform:
https://www.hawaiianelectric.com/as-federal-tax-rate-falls-so-could-electric-bills
Heartland Bank (Geneva, Nebraska)) $1,000 bonuses for full time non-executive employees; $500 bonus to part time employees
https://bankingjournal.aba.com/2018/01/banks-continue-post-tax-reform-bonuses-wage-hikes/
Home Bancshares, Inc. (Conway, Arkansas)) $500 bonuses for 850 emplyees: http://www.nasdaq.com/press-release/home-bancshares-inc-invests-in-employees-20180112-00711
Home Depot (Atlanta, Georgia)) bonuses for all hourly employees, up to $1,000 http://ir.homedepot.com/news-releases/2018/01-25-2018-130246180
HomeStreet, Inc. (Seattle, Washington)) Base wage increased to $15 per hour: https://www.businesswire.com/news/home/20180116006718/en/HomeStreet-Bank-Increases-Minimum-Wage-Company-Wide
Honeywell (Morris Plains, New Jersey)) increased 401(k)) match: https://www.honeywell.com/newsroom/pressreleases/2018/01/honeywell-reports-strong-fourth-quarter-and-2017-results-raises-2018-guidance-to-reflect-lower-tax-rate
Humana base wage increased to $15 per hour; acceleration of annual performance-based incentive program; additional community investments; accelerated investment in technological and operational processes; earnings benefits for shareholders; more
https://www.courier-journal.com/story/money/companies/2018/01/17/humana-credits-worker-pay-incentives-higher-minimum-wage/1038189001/?utm_campaign=1a693837c0-
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 9
Company Description Reference Link
to be announced: EMAIL_CAMPAIGN_2018_01_17&utm_medium=email&utm_source=Speaker.gov+Master+List&utm_term=0_
IAT Insurance Group $3,000 bonuses for 685 non-executive employees https://www.iatinsurancegroup.com/about-us/news/2017/12/21/iat-insurance-group-announces-$3-000-tax-reform-bonus-for-employees
INB Bank $500 bonuses to 200 employees. The bonuses will exclude the Senior Management Team. The base wage will be raised to $15 per hour.
https://www.inb.com/blog/inb-plans-to-share-corporate-tax-savings-with-staff
International Offset Corporation (Los Angeles, California
$1,000 bonuses to all employees and 1099 subcontracting partners.
http://www.iocorp.org/
Iron Horse Energy Services Inc. (Eolia, Missouri) bonuses for all 93 employees; due to a lower tax burden the company is also continuing to cover 100 percent of healthcare. Said one employee:
http://www.ironhorseinc.net/
JPMorgan Chase & Co. Base wage raised for 22,000 employees, to a range of $15 to $18 per hour; 4,000 new jobs added; 400 new branches; increased charitable donations; increased small business lending:
https://www.jpmorganchase.com/corporate/news/pr/multi-billion-investment-employees-local-economies.htm
Information First, Inc. (Info-First.com; Manassas, Virginia)
$500 cash bonus for all 15 employees. https://www.info-first.com/
Inland Northwest Bank (Spokane, Washington) Base wage raised to $15; $500 bonuses to employees excluding Senior Management Team:
https://www.inb.com/blog/inb-plans-to-share-corporate-tax-savings-with-staff
Insperity (Houston, Texas) tax reform bonuses will be paid to employees in February, totaling $17 million.
https://www.insperity.com/
InUnison Inc. employee bonuses
JetBlue $1,000 bonus for all 21,000 employees http://otp.investis.com/clients/us/jetblue_airways/usn/usnews-story.aspx?cid=981&newsid=50984
JimRinehart.com State Farm agent (Seaside, California)
pay raises for employees: https://www.jimrinehart.com/
Jones Auto & Towing (Riverview, Florida) the company, which provides 24-hour wrecker service, roadside assistance, emergency towing, and fuel delivery etc. will put two additional trucks into service, which will add two more full time jobs:
http://jonesautotowing.com/about-jones-towing/
Jordan Winery $1,000 bonuses for each of its 85 employees https://www.prnewswire.com/news-releases/jordan-winery-owner-creates-1-country-1k-in-response-to-tax-cut-bill-300575185.html
Kalb Industries of Nevada, Ltd. (Las Vegas, Nevada)
pay raises for employees who have been with the company three months or longer:
http://kalbindustries.com/2017-successful-year-kalb/
Kansas City Southern $1,000 bonuses. (Exact number receiving bonus unknown at this time; the company employs 6,485)
http://www.kcsouthern.com/media/news/news-releases/kcs-awards-year-end-bonus-in-response-to-passage-of-u-s-tax-bill
Kauai Cattle LLC employee bonuses
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 10
Company Description Reference Link
KeyCorp (Cleveland, Ohio) base wage raised; increased employee retirement plan contributions:
http://investor.key.com/file/Index?KeyFile=391804475
Kish Bancorp, Inc. (Belleville, Pennsylvania) Base wage raised; $1,000 bonuses for full-time employees, $500 bonuses for part-time employees; $10 million in capital expenditures over the next three years; increased charitable giving by a minimum of $50,000:
http://www.centredaily.com/news/local/article195336999.html
Kramerica Properties (Merced, California) this small family-owned company gave each of the six employees a $2,000 tax reform bonus:
American for Tax Reform reporting
Lawrence Paper Company $500 bonuses for all 300 employees; $5 million in new equipment and expansion at all three locations
http://www.kwch.com/content/news/Hutchinson-company-gives-employees-bonus-468690833.html
Lok-N-Logs, Inc., I Wood Care, and Webb Properties (Sherburne, New York)
employees working for a year or more received a double paycheck; those working less than a year also received a bonus.
https://www.loknlogs.com/
https://www.iwoodc.com/
M&T Bank Corporation (Buffalo, New York) Base wage raised to $14 to $16 per hour based on location, a $25 million investment; employees receive 40 hours of paid time annually for volunteer/charitable/employee resource group activities:
http://markets.businessinsider.com/news/stocks/M-T-Bank-to-Invest-in-Employees-and-Community-1013176617
MainSource Financial Group Base wage raised to $15 per hour: https://www.prnewswire.com/news-releases/mainsource-financial-group-announces-pay-increase-for-hourly-employees-300577166.html
MB Financial, Inc. base wage increased to $15 per hour; tax reform bonuses; and $7.5 million additional charitable contributions:
http://www.prweb.com/releases/2018/01/prweb15048884.htm
Melaleuca all 2,000 employees will receive a $100 bonus for each year they have worked at the company
http://www.postregister.com/articles/news-todays-headlines/2017/12/21/melaleuca-offer-bonuses-following-tax-plan
Meridian Bancorp, Inc. (Boston, Massachusetts) Base wage raised to $15 per hour; additional 20% will be added to existing bonuses; increased capital spending including building six new branch locations; additional charitable contributions:
http://www.nasdaq.com/press-release/meridian-bancorp-inc-and-east-boston-savings-bank-announce-their-2018-commitment-to-their-employee-20180103-00338
Mid-AM Metal Forming bonuses for 140 employees http://www.ozarksfirst.com/news/mid-am-metal-forming-to-give-employees-bonuses/904479624
Move It Or Lose It Moving LLC employee bonuses Americans for Tax Reform reporting
MusicNotes Salary increases for employees https://www.prnewswire.com/news-releases/musicnotes-announces-company-wide-salary-increase-300578589.html
National Bank Holdings Corporation $1,000 bonuses for employees making less than $50,000 (exact number receiving bonus unknown at this time)
http://www.snl.com/IRWebLinkX/file.aspx?IID=4244066&FID=391589621
National Grid (Waltham, Massachusetts) the utility plans to pass along tax savings to customers: https://news.nationalgridus.com/2018/01/millions-tax-savings-benefit-national-grid-customers-massachusetts/
National Grid Rhode Island (Providence, Rhode the utility plans to pass along tax savings to customers: https://news.nationalgridus.com/2018/01/millions-tax-savings-benefit-national-grid-electric-gas-customers-rhode-island/
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 11
Company Description Reference Link
Island)
Nationwide Insurance $1,000 bonuses to 29,000 employees; increased 401(k) matching contributions for 33,000 employees
http://www.kcci.com/article/nationwide-gives-big-bonuses-credits-tax-reform/14539174
Natural Guardian employee bonuses Americans for Tax Reform reporting
Navient 98% of Navient’s 6,700 employees will receive a $1,000 bonus (approx. 6,566 bonus-eligible employees)
http://www.timesleader.com/news/local/687512/navient-shares-tax-credit-with-1000-bonuses-to-6700-employees
NBT Bancorp Inc. (Norwich, New York) Base wage raised to $11 to $15 per hour; minimum 5% salary increases for employees making less than $50,000; increased capital expenditures:
http://nbtbancorp.gcs-web.com/news-releases/news-release-details/nbt-bancorp-inc-announces-net-income-822-million-and-diluted
Nelnet (Lincoln, Nebraska) $1,000 bonuses for 4,100 employees: http://beatricedailysun.com/news/local/companies-to-share-portion-of-tax-cuts-with-employees/article_1009c1ab-2596-5889-befa-541f929472e9.html
Nephron Pharmaceuticals Corporation 5% pay raises for employees https://www.prnewswire.com/news-releases/nephron-employees-receive-raises-thanks-to-tax-cuts-law-300575574.html
NexTier Bank (Butler, Pennsylvania) $1,000 bonuses for all employees; tuition reimbursement on job training; wage raises for hourly employees:
http://www.prweb.com/releases/2018/01/prweb15083221.htm
Nexus Services, Inc. (Verona, Virginia) 5% raise for all employees; 200 more workers will be hired in 2018:
https://www.prnewswire.com/news-releases/nexus-services-inc-announces-5-raises-and-200-new-jobs-300574753.html
Northco Products, Inc. (Albany, New York) this small business was able to hire one new employee, give all employees bonuses ranging from $100 - $971 after taxes; the company is also investing in a new building:
http://www.northcoproducts.com/
Northpoint Apartments employee bonuses Americans for Tax Reform reporting
OceanFirst Financial Corp. base wage increase to $15 per hour https://globenewswire.com/news- release/2017/12/22/1270176/0/en/OceanFirst-Financial-Corp-Announces-Commitment-to-Increase-the-Minimum-Hourly-Wage-to-15.html
Ohnward Bancshares $1,000 bonuses for all 260 employees http://dewitt.chambermaster.com/news/details/ohnward-bancshares-announces-tax-relief-holiday-bonus-12-21-2017
Oklahoma Gas and Electric Company (Oklahoma City, Oklahoma)
the utility will pass along tax savings to customers: http://phx.corporate-ir.net/phoenix.zhtml?c=106374&p=irol-newsArticle&ID=2326823
Old Dominion Freight Line Inc. $500 bonuses for all 22,000 employees Americans for Tax Reform reporting
Oncor Electric Delivery (Dallas, Texas) The utility will pass along tax savings to customers: https://www.dallasnews.com/business/energy/2018/01/16/lower-electricity-bills-north-texans-oncor-shares-tax-cut-windfall-consumers
Pacific Power the utility will pass along tax savings to customers http://www.mycolumbiabasin.com/2018/01/03/pacific-power-says-they-will-lower-rates-with-tax-cuts/
Peoples Bank (Bellingham, Washington) Base wage raised to $15 per hour; 401(k) match increased one point to 8%
https://www.peoplesbank-wa.com/contact-us
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 12
Company Description Reference Link
Peoples Bank (Magnolia, Arkansas) $500 bonuses and $50,000 in charitable donations. https://bankingjournal.aba.com/2018/01/banks-continue-rolling-out-post-tax-reform-bonuses-community-investments/
Pepco (Washington, DC) The utility will pass along tax savings to customers: https://web.archive.org/web/20180110005610/http:/www.pepco.com/library/templates/Interior.aspx?Pageid=6442454157&id=6442461362
Pinnacle Bank $1,000 bonuses for 1,007 employees http://journalstar.com/business/local/nelnet-pinnacle-bank-announce-plans-for-tax-related-employee-bonuses/article_752a4d8a-4e93-5ac9-95cb-bb2d1d4cd494.html
Pioneer Credit Recovery $1,000 bonuses for 800 employees https://www.bizjournals.com/buffalo/news/2017/12/29/in-the-wake-of-tax-reform-bill-pioneer-credit.html
PNC Financial Services Group, Inc. $1,000 bonuses to 47,500 employees; an additional $1,500 in employee pension accounts; base wage hike to $15; $200 million charitable contribution
http://pnc.mediaroom.com/2017-12-22-PNC-Announces-Investments-in-Employees-Communities
Priority Courier Experts (St. Paul, Minnesota) tax reform bonuses were given on Jan. 2, 2018 to employees; further, employees will receive another $500 bonus in 2018 on the anniversary of their hire date:
https://www.shipwithpriority.com/
RDR, Inc. (Centreville, Virginia) bonuses of up to $1,000 for all 125 employees: http://www.rdr.com/
Regions Financial Corporation base wage increase to $15 per hour; $40 million in charitable donations; $100 million in capital expenditures
https://www.businesswire.com/news/home/20180102005623/en/Regions-Announces-Long-term-Investments-Associates-Communities
Resident Construction LLC employee bonuses
RGF Environmental Group, Inc. (Riviera Beach, Florida)
$1,000 bonuses: https://www.rgf.com/rgf-management-team-celebrates-contribution-making-america-great/
Rio Bank (McAllen, Texas) $1,000 bonuses for each of the 108 employees https://www.riobk.com/default.aspx
Riverbend Communications employee bonuses Americans for Tax Reform reporting Riverbend Management, Inc. employee bonuses Americans for Tax Reform reporting Riverbend Ranch employee bonuses Americans for Tax Reform reporting Riverbend Services employee bonuses Americans for Tax Reform reporting Rocky Mountain Power utility company will pass along tax savings to customers http://www.localnews8.com/news/rocky-mountain-power-
promises-to-share-tax-windfall/681411607
Rod’s Harvest Foods (St. Ignatius, Montana) 3-5% pay raises; base wage raised to $11 per hour; bonuses up to $500:
Americans for Tax Reform reporting
Royal Hawaiian Heritage Jewelry the company will open additional retail locations http://www.hawaiinewsnow.com/story/37123540/hiring-expansions-hawaii-small-businesses-have-big-plans-for-tax-savings
Rush Enterprises $1,000 bonuses for all 6,600 employees http://investor.rushenterprises.com/ReleaseDetail.cfm?ReleaseID=1052527
Russell Lands $500 bonuses for about 400 full-time non-management staff: https://www.bizjournals.com/birmingham/news/2018/01/12/russell-lands-responds-to-tax-reform-law-with.html
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 13
Company Description Reference Link
Sheffer Corporation $1,000 bonuses for all 126 employees https://www.portman.senate.gov/public/index.cfm?p=press-releases&id=0C2BBB64-3BF6-4CBC-BFCA-1CBDFF7F7DF4
Sinclair Broadcast Group $1,000 bonuses for 9,000 employees http://sbgi.net/wp-content/uploads/2017/12/Bonus_Final.pdf
SkyWest Airlines increase 401(k) contributions, increase capital expenditures, and increase charitable donations, and will enhance the existing bonus and incentive programs
Americans for Tax Reform reporting
Smith Chevrolet employee bonuses Americans for Tax Reform reporting Smith Honda employee bonuses Americans for Tax Reform reporting Smith RV employee bonuses Americans for Tax Reform reporting South Point Hotel, Casino & Spa doubling of bonuses for 2,300 employees https://www.reviewjournal.com/business/casinos-
gaming/south-point-owner-doubles-bonuses-for-2300-full-time-workers/
Southwest Airlines $1,000 bonuses for all 55,000 employees; $5 million additional charitable donations
https://www.swamedia.com/releases/release-ee7fe32b2bf6e2cfc9247ab44f1ce7bb-southwest-airlines-rings-in-the-new-year-under-tax-reform-with-employee-bonus-charitable-contribution-and-further-investment-in-its-boeing-fleet
Spectrum Adhesives, Inc. (Memphis, Tennessee) $500 bonuses for employees. https://www.spectrumadhesives.com/
Spellex Corporation (Tampa, Florida) $1,000 bonuses for all 26 full-time employees: http://www.spellex.com/
Stafford Bounce n Play, LLC (Virginia) $1,000 mid-year bonuses for all employees. https://staffordbounce.com/
Starbucks Coffee Company 8,000 new retail jobs and 500 new manufacturing jobs; new employee offerings/raises/benefits totaling $250 million will be announced later in 2018.
https://news.starbucks.com/press-releases/starbucks-announces-new-investments-in-paid-leave-wage
State Street enhanced employee retirement benefits and investment in training and community grant programs. Details coming:
American for Tax Reform reporting
Steel Design LLC employee bonuses American for Tax Reform reporting
Stifel Financial Corporation $1,500 bonuses for 7,000 employees https://advisorhub.com/stifel-gives-staffers-special-tax-gift-bonus/
Summit State Bank (Santa Rosa, California) $2,000 bonuses for non-executive employees. https://www.summitstatebank.com/files/SSBbonus.pdf
Sun Community News and Printing (Elizabethtown, New York)
Raises for all employees averaging $1,000 each; restoration of 2% match on employee IRAs; software and equipment upgrades:
http://www.suncommunitynews.com/
SunTrust Banks, Inc. base wage raise to $15 per hour; $50 million in additional community grants; merit pay raise; additional 401(k) contributions; etc.
http://newsroom.suntrust.com/2017-12-28-SunTrust-to-Increase-Minimum-Wage-Build-Teammate-Savings-and-Create-50-Million-Community-Fund-for-Financial-Well-Being
Sutter Masonry, Inc. (El Mirage, AZ) The company employs approximately 100 people. Hourly wages were increased by $1.00 and over $50,000 in bonuses were distributed.
http://www.suttermasonry.com/
Synovus Financial Corporation (Columbus, $1,000 bonuses to all non-executive employees. https://bankingjournal.aba.com/2018/01/additional-announcements-of-post-tax-reform-bank-actions/
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 14
Company Description Reference Link
Georgia)
TCF Financial Corporation (Wayzata, Minnesota) $1,000 bonuses for full time employees; $500 bonuses for part time employees (exact number receiving bonus unknown at this time);
http://news.tcfbank.com/press-release/arizona/tcf-financial-corporation-announces-estimated-impact-tax-reform
The Flood Insurance Agency $1,000 bonuses for 17 full time employees http://www.privatemarketflood.com/a-bright-american-future
Thermo Fisher Scientific (Waltham, Massachusetts)
$500 bonuses. https://www.thermofisher.com/us/en/home.htm
The Travelers Companies, Inc. $1,000 bonuses for 14,000 employees with a base salary less than $75,000:
http://www.courant.com/business/hc-biz-tax-overhaul-bonuses-20171222-story.html
Territorial Savings Bank $1,000 bonuses to 247 employees; base wage hike from $11.25 to $15.00 per hour
http://www.staradvertiser.com/2017/12/27/business/business-breaking/territorial-joins-other-banks-in-giving-out-employee-bonuses-and-boosting-minimum-wage/
Texas Capital Bank $1,000 bonuses for 900 employees https://www.texascapitalbank.com/about-us/media/latest-news/2017/12/22/texas-capital-bank-delivers-special-holiday-bonuses-to-employees
The Hammock Source (Greenville, North Carolina)
all 150 employees received a tax reform bonus of up to $1,000 depending on length of service.
http://thehammocksource.com/about-us/hammock-source-story
Tokio Marine HCC $1,500 employee bonuses for 2,000 employees American for Tax Reform reporting
Total System Services $1,000 bonuses for 11,500 employees https://www.bizjournals.com/atlanta/news/2018/01/02/georgia-based-tsys-credits-tax-reform-success-for.html
Tri-State Trailer Sales, Inc. (Pennsylvania, Ohio) increased 401(k) for employees, to 100% on the first 4% of compensation:
http://www.tristatetrailer.com/default.htm
Turning Point Brands, Inc. $1,000 bonuses for 107 employees https://www.atr.org/thanks-tax-cuts-turning-point-brands-give-1000-bonuses
Turning Point USA $300 bonuses to all 115 employees. https://www.tpusa.com/
Union Bank & Trust (Lincoln, Nebraska) All full-time and part-time employees received a $1,000 bonus. Over 800 employees.
https://www.ubt.com/
United Bank & Trust (Marysville, Kansas) all employees received a raise of $100 per month. According to ABA Bankers Journal the raise applies to both salaried and hourly employees.
https://bankingjournal.aba.com/2018/01/banks-continue-rolling-out-post-tax-reform-bonuses-community-investments/
Unity Bank all 200 non-executive employees will receive a $750 bonus https://www.unitybank.com/community-involvement/latest-unity-news/employees-provided-bonuses-in-response-to-federal
U.S. Bancorp $1,000 bonuses for 60,000 employees; base wage hike to $15 per hour; $150 million charitable contribution
http://phx.corporate-ir.net/phoenix.zhtml?c=117565&p=irol-newsArticle&ID=2324443
Verizon non-executive employees will receive 50 shares of restricted stock.
https://www.cnbc.com/2018/01/23/verizon-vz-earnings-ceo-lowell-mcadam-interview.html
Verst Logistics, Inc. (Walton, Kentucky) $500 bonuses to all full-time employees: https://www.prnewswire.com/news-releases/verst-logistics-distributes-tax-bonuses-to-employees-due-to-tax-law-change-300587065.html
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 15
Company Description Reference Link
Visa significantly increased permanent contributions to employee 401(k) accounts
https://twitter.com/CNBCnow/status/950384879153410049
Wal-Mart Base wage increase for all hourly employees to $11; bonuses of up to $1,000; expanded maternity and parental leave; $5,000 for adoption expenses
https://news.walmart.com/2018/01/11/walmart-to-raise-us-wages-provide-one-time-bonus-and-expand-hourly-maternity-and-parental-leave
Walt Disney Company $1,000 bonuses for 125,000 employees; $50 million investment in employee educational programs:
https://www.cnbc.com/2018/01/23/125000-disney-employees-to-receive-1000-cash-bonus-company-launches-new-50-million-education-program.html
Washington Federal according to a company statement, “all Washington Federal employees in good standing and earning less than $100,000 per year will receive a 5% increase on top of their normal merit increase.”
http://markets.businessinsider.com/news/stocks/washington-federal-responds-to-tax-reform-with-accelerated-investments-in-employees-technology-and-community-development-1011705473
Washington Trust Bancorp, Inc. (Westerly, Rhode Island)
$1,000 bonuses for full-time employees and $500 for part-time employees; $1.00 per hour salary increase for employees below a certain compensation level:
https://globenewswire.com/news-release/2018/01/16/1290132/0/en/Washington-Trust-Announces-Employee-Compensation-Enhancements.html
Waste Management, Inc. $2,000 bonuses to approximately 34,000 employees https://www.businesswire.com/news/home/20180110006266/en/Waste-Management-Pay-Special-Bonuses-Hourly-Employees
WebHobby Shop, LLC (Pontiac, Michigan) $2.00 per hour raise for employees: American for Tax Reform reporting
Webster Financial Corporation (Waterbury, Connecticut)
Base wage raised to $15 per hour; $1,000 bonuses to full-time employees below vice-president level; $1 million in additional charitable contributions:
http://phx.corporate-ir.net/phoenix.zhtml?c=73114&p=irol-newsArticle_Print&ID=2324846
Wells Fargo raised base wage from $13.50 to $15.00 per hour; $400 million in charitable donations for 2018; $100 million increased capital investment over next three years
http://www.latimes.com/business/la-fi-wells-fargo-taxes-pay-20171221-story.html
WeStar Energy (Topeka, Kansas) the utility will pass along tax savings to customers: https://www.westarenergy.com/content/about-us/news/2018-news-releases/tax-bill
Western & Southern Financial Group $2,000 bonuses for full time employees; $1,000 for part time employees
https://www.bizjournals.com/cincinnati/news/2018/01/08/western-southern-latest-cincinnati-company-to-hand.html
Western Alliance Bancorporation base pay raise of 7.5 percent for the lowest-paid 50% of employees; increased bonuses; increased 401(k) match; etc.
https://www.westernalliancebancorporation.com/news/wsj-western-alliance-to-share-tax-benefit
Willis Lease Finance Corporation (Novato, California)
$1,000 bonuses for all non-executive employees: https://globenewswire.com/news-release/2018/01/19/1297985/0/en/Willis-Lease-Finance-Gives-Employee-Bonus-Driven-By-New-Tax-Laws.html
Willow Creek Woodworks employee bonuses
Windsor Federal Savings $250 bonus for all employees with the exception of upper management
https://www.windsorfederal.com/About/News
Wintrust Financial Corporation (Rosemont, Illinois)
base wage raised to $15 per hour: https://amp.jsonline.com/amp/1062794001?__twitter_impression=true
Wynn Resorts employee bonuses will be announced in 2018: https://www.casino.org/news/steve-wynn-praises-trump-tax-cuts-sharing-340m-savings-with-staff
List of Companies Announcing Increased Benefits to Employees/Customers As of January 26, 2018
Source: Americans for Tax Reform 16
Company Description Reference Link
YAM Worldwide $2,000 bonuses for the 595 employees who have been with the company more than six months; $1,000 bonuses for the 131 employees who have been with the company less than six months. More than $1.3 million in bonuses were paid:
https://www.businesswire.com/news/home/20171222005297/en/YAM-Worldwide-Give-1.3-Million-Bonuses-Employees%C2%A0after
Yancey Bros. $500 bonuses for 1,200 employees http://www.myajc.com/business/tax-cuts-how-much-will-mean-metro-atlanta-hiring/lwNHkW5adTHxypheYUen8K/
Zions Bancorporation pay raises for more than 40% of employees; $1,000 bonuses for nearly 80% of employees
http://www.snl.com/irweblinkx/file.aspx?IID=100501&FID=391621413